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Helping business risk managers develop an enterprise risk management framework to manage corporate risks better. Tap into risk management news analysis and solutions to protect businesses and grow faster. Casting the risk spotlight on current and emerging risks.
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We turn a public eye on key business risks
The corporate risks behind the latest news headlines put under the spotlight to identify the lessons business leaders need to learn to protect their own business. Grow faster with less uncertainty about risks on horizon or here right now.
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Protect yourself and benefit from innovation driven business growth
The 4th Industrial Revolution is upon us. For some it will be a plague but for others it’ll will be a feast.
Every day you can find multiple great ideas that could potentially disruptive the current way of doing things. My favourites at the moment are flying modes of transport that could easily replace vehicles that have to travel on roads and flying machines that briefly go to space to get to their destination quicker. They may seem like far off technological developments, but the technology works now. Its flight rules and regulations that will hold them back to protect carmakers and airplane makers not technology risks.
Everyday new innovative ideas and products flood onto the market. For most it will be like Tomorrows World. The innovative ideas will not be sustainable. We want to work with people who want to take over the world in a good way!
Pull in our resources to make innovation-driven business growth more likely to succeed and maximise the return of your investment of time and money.
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If you don’t have time to be innovators you may need to find time to protect against business market disruptors
Fatal existential business decisions are easy to see in hindsight. Foresight consultants can help you take steps to protect yourself from your own poor business decisions.
Anyone can take a wrong turn. If you’re lucky the decision may not be malignant. You might survive to fight another day. On the other hand.
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Your brand maybe vulnerable to others who have been thinking differently, or from changes to the marketplace. It may fail cause your performance ain’t good enough, or because your competitors change the rules of the game.
How you fail may not matter too much after you’ve failed. It will be too late to consider what you are doing wrong. Kodak didn’t want to change when they had to change to survive. They were making too much money from photographs to change to embrace digital photography. Market changes can kill the best businesses.
The best form of defence is often attack
Being more innovative or creative can be frightening. Picking the wrong horse in a paddock of new opportunities can be very costly. Innovation can also be exciting and highly rewarding.
We aim to make innovation for you more exciting and rewarding as well as reducing the uncertainties that accompany innovation and creativity. Disruptive innovators can draw on our tips advice and support to become more successful with more certainty.
BUSINESSRISKTV DISRUPTIVE INNOVATION BUSINESS GROWTH OR PROTECTION
Improving business performance with BusinessRiskTV.com
Taking risks is critical for heightened business success. Too much or too little risk taking exposes an enterprise unnecessarily or restricts business performance unwittingly. Missed opportunities can be as expensive as massive business losses.
New Business Strategies Are Increasingly Important To Be More Successful For Longer
Strategic foresight consultants can help business leaders and entrepreneurs to make a success of their business regardless of the business environment. They inform the decision making process to reduce uncertainty and improve productivity.
Business Threats and Opportunities Live
Understand the threats and opportunities in front of you. Make decisions now to protect your business better and grow it faster. Identify evaluate and manage risks to exploit the creative insight of your existing employees to become more productive and more successful.
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BusinessRiskTV works with partners and clients to maximise the opportunities and minimise the threats to business objectives.
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Take The Courage To Embrace Potential Failure Of Business
You Control the Solutions to Your Business Problems: Exploring Creative Thinking and Problem Solving in Business
In the dynamic landscape of business, problems are inevitable. From operational inefficiencies to market challenges, businesses face a myriad of obstacles that require strategic thinking and effective problem-solving skills. The ability to identify, analyse, and resolve these issues is crucial for organisational success and growth. This article explores the significance of problem solving in the business realm, delving into the BusinessRiskTV model as a powerful tool for addressing challenges. Furthermore, it highlights the role of creative thinking in problem solving and provides three practical ways businesses can leverage creativity to overcome obstacles.
Understanding the Solution to Business Problems Before diving into the solutions, it is essential to grasp the concept of business problems and their significance. Business problems can range from operational bottlenecks to strategic dilemmas, and their resolution plays a vital role in maintaining competitive advantage and ensuring sustainability. By identifying the root causes of problems and employing appropriate problem-solving techniques, businesses can create innovative solutions that drive progress and success.
The BusinessRiskTV Model of Problem Solving The BusinessRiskTV model offers a structured approach to problem solving, enabling businesses to navigate challenges effectively. This model involves six key steps: problem identification, analysis, solution generation, evaluation, implementation, and review. By following these steps, organisations can systematically address problems, ensuring comprehensive and sustainable solutions. The model encourages a proactive mindset, emphasising the importance of continuous improvement and learning from past experiences.
The Importance of Solving Business Problems Solving business problems holds numerous benefits for organisations. Firstly, it helps optimise operational efficiency by identifying and eliminating inefficiencies, reducing costs, and improving productivity. Secondly, problem solving enables businesses to adapt to changing market conditions, seize opportunities, and stay ahead of the competition. Furthermore, effective problem-solving fosters a culture of innovation, empowering employees to think critically and contribute to the organisation’s growth.
Leveraging Creative Thinking in Problem Solving Creative thinking plays a crucial role in solving complex business problems. By encouraging fresh perspectives, challenging assumptions, and exploring unconventional solutions, businesses can unlock new possibilities and generate innovative ideas. This section explores three key ways in which organisations can utilise creative thinking:
a. Divergent Thinking: Encouraging brainstorming sessions and open discussions enables teams to generate a wide range of ideas. By embracing diversity and inclusivity, businesses can tap into the collective wisdom of their workforce and uncover unique solutions.
b. Design Thinking: This human-centered approach emphasises empathy, understanding, and collaboration. By immersing themselves in the customer’s perspective, businesses can develop innovative solutions that cater to their needs, preferences, and pain points.
c. Reverse Thinking: This approach involves challenging the status quo and flipping the problem on its head. By questioning assumptions and exploring alternative perspectives, businesses can discover fresh insights and uncover unconventional solutions.
Solving business problems is an imperative aspect of organisational success. By embracing the BusinessRiskTV model and incorporating creative thinking, businesses can take control of their challenges and pave the way for innovation and growth. The ability to identify problems, analyse their root causes, and generate effective solutions enables organisations to adapt to dynamic market conditions and gain a competitive edge. Moreover, by fostering a culture of creative thinking, businesses can unlock new perspectives and ideas, fueling continuous improvement and long-term success. Ultimately, the power to control the solutions to business problems lies within the organisation itself, and by leveraging their resources, knowledge, and creativity, businesses can overcome obstacles and thrive in an ever-evolving business landscape.
Know with more certainty what your business could achieve if it makes some changes.
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Once you know what your biggest business problems are you can identify how to best use limited business resources to reap the quickest gains to achieve greater business success more quickly.
Too often people in business at all levels of the organisation are working extremely hard. This can be a problem because they can burn out whilst solving problems that do not matter to the achievement of key business objectives. Solutions include employing more staff to work on the same minor business problems then business leaders wonder why they are spending more without any increase in business productivity and no business performance improvement.
Improving business performance requires better use of existing key business assets for a better return in your investment of time and money.
Develop the quality and capacity of your workforce to achieve more for themselves and the business
Training employees to help themselves will help your business achieve its objectives by overcoming the biggest business problems more easily with existing resources.
Get Help To Grow Your Business Faster – BusinessRiskTV.com
If you can answer this question immediately and with near absolute certainty then you should be performing pretty efficiently already. If not why haven’t you taken steps to remove barriers to your greater business and personal success?
Develop a new business management strategy with a new decision making process designed to help you identify evaluate and manage your biggest business problems more cost-effectively. If you can’t tell us what your biggest problems are in a very short summary of the key information then you haven’t truly identified your biggest critical business problems impacting on your business objectives.
Discover How To Beat The Competition In Sales
You could develop a new business strategy for success that is less complicated, cheaper to implement and brings greatest rewards if you change your thinking about business management.
This could be a pivotal momentum for your business
You either know exactly what you need to do today to change your business trajectory or you may need a little outside help. BusinessRiskTV can provide that help.  If you do not need help we wish you well for the future.  If you do need help get in touch below and tell us what you need help with.
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Emerging Risks and Trending Risks In Focus Now
How can CEOs senior management teams risk managers business owners and entrepreneurs make the right decisions more often? Find out whats on the horizon. Understand better the business risks acting on your business right now.
Find ways to grow faster and protect your business better
How do business enterprise key decision makers use limited resources more cost effectively and more successfully?
The pace of business change is increasing. How many people will drive for a living in the next decade? How many people will work in warehouses in next 10 years? What new risks are emerging for businesses when the dramatic changes of 4th Industrial Revolution expected soon are commonly in place?
Cyber crime or error is just one of the threats. How should a business like Amazon react if they are threatened by a cyber criminals who say they have the capability to shut down its warehouse and distribution drones! They presumably have not but even if it was never possible how would Amazons share price react? What will this mean for Amazon’s ability to borrow to invest in its future?
Like Amazon every business has its own most threatening risks and most exciting opportunities to grow.
Both the threats and the opportunities mean rapid changes are afoot for most businesses in the coming decade. With limited resources, what should your business focus on?
Do you have the time and energy to cope especially with information overload disrupting your ability to pick the right key risks to manage and which to accept or avoid.
Change does not mean bad disruption to the norms change can bring good disruption for your business
Are you innovative? Is your business innovative? Do you have people in your business who are innovative?
Sure you are! Yes it is! Yes you do! You may not have found the best way to harness a well of innovation in your business till now.
BusinessRiskTV and its business partners will facilitate an innovative process in your business to overcome good and bad disruptive risks facing your organisation now and in future :
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Solve the big questions being asked of your business
Positive Risk Management
Get the answers you need to know what to do next that will have the best net positive impact on your business. What are the critical risk factors you need to manage? How viable are your existing business opportunities?
Some corporate risks are mature and well known but how does YOUR business manage them in the most cost effective way? Other corporate risks are just emerging. Do you know which ones present the biggest threats and opportunities for your business?
If you know what the key risks are do YOU oversee the impact on your business or have you delegated it?
Do others in your organisation want to seize a business advantage of your competitors as much as you do? Do your competitors want any of your existing business revenue?
No you can not do everything yourself but are you creating the right risk management culture to ensure that others are of the same mind as you?
If you are not changing your failing!
Do you currently have a sustainable business model?
Have you assessed and managed your competitive advantages to squeeze the best out of your existing resources in terms of performance?
Do you have a Business Enterprise Risk Management Road Map to make achieving your business objectives more likely?
What role should enterprise risk management play in business and not for profit organisations? Do you like enterprise risk management ERM and want to learn more. Looking for practical enterprise risk management solutions for your business?
Managing business risks better with BusinessRiskTV.com
Leadership perspective to enterprise risk management
Working with senior managers executives business owners and entrepreneurs to embed practical enterprise risk management ERM solutions.
Enterprise risk management will not provide any net benefit to the organisation if its leaders don’t buy in to the principles the benefits of risk assessment process and the framework the best performing companies conform to.
Business leaders must agree the risk appetite and risk tolerance of the organisation before the risk assessment process can begin
The risk assessment process is a good management tool but it can be nullified corrupted and cost the organisation money and performance if it doesn’t operate within and support the risk culture of the business.
Enterprise wide perspective on corporate risks
Strategic operational and project risks all need to be included in the risk management framework and risk assessment process to provide consistency of business decision-making to improve performance of the business.
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Inform your business decision making process. Read risk management articles and view videos on the best and worst of business risk management examples. Network and collaborate with your peers locally and globally to find out more about your risk exposures.
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Enterprise risk management news opinions and reviews. Buy new risk management product deals discounts and exclusive offers. Read articles and watch videos to inform your enterprise risk management policy :
Change your attitude to risk and risk management.
Rewrite your risk management strategy based on new enterprise risk management information.
Improve your risk awareness and risk control measures
Explore the right level of risk for your organisation and develop a new appetite for risk
Adjust you risk management organisation and arrangements
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Identify emerging risks and existing risks that are changing. Adjust your risk management plan priorities to improve your business performance and business resilience.
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Risk Management Magazine
The BusinessRiskTV Enterprise Risk Management magazine aims to publish original work that explores conceptual and empirical papers, articles and case studies from all branches of enterprise risk management
Exchange ideas and collaborate with risk practitioners and your peers to protect your business better and grow it faster. Papers are invited from researchers practitioners policy makers and other stakeholders in the field of enterprise risk management ERM. We welcome your contributions in the form of articles Press Releases case studies and video.
